| | | Be it enacted by the People of the State of Maine as follows: |
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| | | Sec. 1. 36 MRSA §4063, sub-§3 is enacted to read: |
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| | | 3.__Contingent repeal.__If the credit for state death taxes | | determined by the Code as provided in subsection 1 is repealed, | | this section is repealed. |
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| | | Under current Maine estate tax law, the amount of the estate | | tax charged by Maine is equal to the amount of credit against the | | federal estate tax granted by the Federal Government. This bill | | ensures that if the Federal Government ever fails to provide a | | credit, then the Maine resident estate tax will be zero. |
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